Colombo, 03 September 2026 – Digital Mobility Solutions Lanka PLC (DMSL) has announced a comprehensive reconstitution of its Board Sub-Committees, effective September 1, 2026. This strategic realignment follows recent changes to the company’s Board of Directors, underscoring DMSL’s commitment to robust corporate governance and operational excellence.
The announcement, made yesterday, September 2, 2026, via a circular resolution, confirms the revised structures of several crucial committees. This follows the resignation of Mr. F. K. C. P. N. Dias from the Board on August 31, 2026, and the subsequent appointment of Ms. Priyanthini McNair as a new Director, effective September 1, 2026. Ms. McNair’s appointment came on the recommendation of the Board Nominations and Governance Committee.
Enhanced Governance and Strategic Oversight
The reconstitution reflects a measured approach to ensuring that DMSL’s governance framework remains agile and effective in guiding the company’s strategic objectives. Board sub-committees play a pivotal role in providing oversight, independent review, and expert guidance on critical areas such as financial reporting, risk management, remuneration policies, and investment strategies.
Revised Committee Compositions
The newly reconstituted Board Sub-Committees, as approved, are as follows:
Audit Committee
- Chair: Mr. Manoha Jude Sergius Rajakariar (Independent Non-Executive Director)
- Member: Mr. Ruchi Hubert Gunewardene (Non-Independent, Non-Executive Director)
- Member: Mr. Joseph Gabrial Travis Roche (Independent Non-Executive Director)
- Member: Prof. Kumaragewattage Amal Shantilal Kumarage (Independent Non-Executive Director)
- Member: Ms. Priyanthini McNair (Independent Non-Executive Director)
Related Party Transaction Review Committee
- Chair: Mr. Manoha Jude Sergius Rajakariar (Independent Non-Executive Director)
- Member: Mr. Ruchi Hubert Gunewardene (Non-Independent, Non-Executive Director)
- Member: Mr. Joseph Gabrial Travis Roche (Independent Non-Executive Director)
Remuneration Committee
- Chair: Mr. Roger Keith Modder (Independent Non-Executive Director)
- Member: Mr. Ajit Damon Gunewardene (Chairman, Non-Independent Non-Executive Director)
- Member: Prof. Kumaragewattage Amal Shantilal Kumarage (Independent Non-Executive Director)
Nominations and Governance Committee
- Chair: Mr. Roger Keith Modder (Independent Non-Executive Director)
- Member: Mr. Ajit Damon Gunewardene (Chairman, Non-Independent Non-Executive Director)
- Member: Mr. Manoha Jude Sergius Rajakariar (Independent Non-Executive Director)
Risk Committee
- Chair: Ms. Priyanthini McNair (Independent Non-Executive Director)
- Member: Mr. Manoha Jude Sergius Rajakariar (Independent Non-Executive Director)
- Member: Mr. Roger Keith Modder (Independent Non-Executive Director)
IT Steering Committee
- Chair: Mr. Roger Keith Modder (Independent Non-Executive Director)
- Member: Mr. Joseph Gabrial Travis Roche (Independent Non-Executive Director)
- Member: Mr. Ruchi Hubert Gunewardene (Non-Independent, Non-Executive Director)
Investment Committee
- Chair: Ms. Priyanthini McNair (Independent Non-Executive Director)
- Member: Mr. Manoha Jude Sergius Rajakariar (Independent Non-Executive Director)
- Member: Mr. Joseph Gabrial Travis Roche (Independent Non-Executive Director)
- Member: Mr. Ruchi Hubert Gunewardene (Non-Independent, Non-Executive Director)
The appointment of Ms. Priyanthini McNair marks a significant addition, with her assuming the Chair role for both the Risk Committee and the Investment Committee, alongside her membership in the Audit Committee. Mr. Manoha Jude Sergius Rajakariar will now chair the Audit Committee and the Related Party Transaction Review Committee, demonstrating a strategic allocation of expertise across key governance areas.
These adjustments, communicated to the Colombo Stock Exchange (CSE) by S S P Corporate Services (Private) Limited on behalf of Digital Mobility Solutions Lanka PLC, are in accordance with Section 9.10.3 of the CSE Listing Rules. The company affirms that these changes are designed to further strengthen its corporate governance framework, ensuring effective oversight and strategic guidance for its future endeavours in the dynamic digital mobility sector.
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